Review of CAE Inc.

FEB 20, 2024 - CAE acts as a software company that provides digital training in the form of software-based simulation training and critical operations support solutions. CAE is a decent value play given the high backlog the company carries, in addition to being relatively stable financially. Improvements in the defense and security segment's margins is a potential internal catalyst for earnings growth which would significantly improve the company’s bottom line, but this may be a goal that takes longer to materialize.We are maintaining our rating of a “B+” on the back of these factors.